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Cloud Solutions

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finance2 years ago

"Analyst Upgrades Oracle Stock, Citing Attractive Entry Point"

Evercore ISI has upgraded its outlook for Oracle stock to outperform, citing the recent slide in stock price as an attractive entry point for investors. The analyst believes that Oracle's shift towards cloud solutions will lead to more consistent revenue and earnings growth. Despite a disappointing first-quarter earnings report, Oracle stock is still up 35% year to date. The company's ability to offer a comprehensive suite of cloud-based apps, middleware, and infrastructure positions it well for future growth.